Petroleum Commission Recommends That Zion Oil & Gas Be Granted Joseph Exploration License

    CAESAREA, ISRAEL, September 25 /CNW/ - Zion Oil & Gas, Inc. (Amex:   ZN) of
Dallas, Texas and Caesarea, Israel, announced today that the company was
notified by the Israeli Petroleum Commissioner's office that, on September 25,
2007, the Israeli Petroleum Commission recommended to the Commissioner that
the company's application for a petroleum exploration license, the Joseph
License be granted as submitted. The Commissioner's office told
representatives of Zion that, subject to the Commissioner's final decision,
the license would be granted after the Sukkot holidays in Israel, probably
during the second week of October.

    Zion submitted its application for the Joseph License on June 26, 2007,
following the relinquishment of the company's Ma'anit-Joseph License at the
end of its term. The Joseph License application covered approximately 85,000
acres on-shore between Caesarea and Netanya, immediately south of Zion's
78,000 acre Asher-Menashe License. The acreage comprises approximately 85% of
the lands previously held by Zion under the Ma'anit-Joseph License and
includes both the Ma'anit structure, on which the company drilled the Ma'anit
#1 well to a total depth of 15,842 feet and plans to drill the
Ma'anit-Rehoboth #2 well to Triassic and Permian targets, and the Joseph
prospect located south of Ma'anit. The primary term of the Joseph License will
be three years from its grant, extendable to a maximum of seven years.

    Zion Oil & Gas, a Delaware corporation, explores for oil and gas in
Israel in areas located on-shore between Haifa and Tel Aviv.

    FORWARD LOOKING STATEMENTS: Statements in this press release that are not
historical fact, including statements

    regarding the anticipated issuance and terms of an exploration license to
be granted to Zion, Zion's operations and planned operations, potential
results thereof and plans contingent thereon, are forward-looking statements
as defined in the "Safe Harbor" provision of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are based on assumptions
that are subject to significant known and unknown risks, uncertainties and
other unpredictable factors, many of which are described in Zion's periodic
reports filed with the SEC and are beyond Zion's control. These risks could
cause Zion's actual performance to differ materially from the results
predicted by these forward-looking statements. Zion can give no assurance that
the expectations reflected in these statements will prove to be correct and
assumes no responsibility to update these statements.

For further information:

For further information: Zion Oil & Gas, Inc. Ashley Chatman,

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Zion Oil & Gas, Inc.

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